Nigel Farage – Europe Is Unraveling & Headed For Collapse

Today MEP (Member European Parliament) Nigel Farage gave King World News an extraordinary interview. Farage told KWN, âAs we speak weâre doing this interview live, the Spanish 10-Year bonds are trading back over 7% again. Nothing has been solved.â Farage also said, âBut the other point that I was making this week was that this bailout fund, this European Stability Mechanism, which is supposed to have firepower of up to 700 billion euros, it doesnât actually exist. Itâs imaginary.â Farage also discussed gold, but first, here is what he had to say about what is happening in Europe: âWe had this summit two weeks ago. The usual sort of thing, all sorts of horse trading going on right into the early hours of the morning. Then at about 4:30 in the morning an announcement gets made, thereâs been a breakthrough, well, of course they always say that donât they?â

Nigel Farage continues:

âWeâre told the bailout fund is now going to be more flexible, that it can bail out banks directly and not have to go through governments. For a few hours the markets believed them and thereâs a rally. And then, in a very short space of time, it all starts to unravel.

Perhaps the biggest unraveling was that the Dutch and the Finns, who apparently had been in the meeting, said, âLook guys, we didnât agree to this. We just didnât agree to this.â So when van Rompuy came to the European Parliament, he sort of parroted the word âbreakthrough,â though without very much passion or feeling.

I was able to say, âLook, this is complete nonsense. There is no breakthrough.â As we speak weâre doing this interview live, the Spanish 10-Year bonds are trading back over 7% again….